1. A guardian of the estate shall take possession of: (a) All of the property of substantial value of the protected person; (b) Rents, income, issues and profits from the property, whether accruing before or after the appointment of the guardian; and (c) The proceeds from the sale, mortgage, lease or other disposition of the property. 2. The guardian may permit the protected person to have possession and control of the personal property and funds as are appropriate to the needs and capacities of the protected person. 3. The title to all property of the protected person is in the protected person and not in the guardian. 4. A guardian shall secure originals, when available, or copies of any: (a) Contract executed by the protected person; (b) Power of attorney executed by the protected person; (c) Estate planning document prepared by the protected person, including, without limitation, a last will and testament, durable power of attorney and revocable trust of the protected person; (d) Revocable or irrevocable trust in which the protected person has a vested interest as a beneficiary; and (e) Writing evidencing a present or future vested interest in any real or intangible property.
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